Transport Topics

Estes Express Lines is first in line to buy the terminals, tractors and trailers of bankrupt less-than-truckload rival Yellow Corp. after agreeing to submit a $1.3 billion stalking horse bid, a court ...

18 Aug 20233min

An affiliate of the investment firm Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. and other senior lenders to the bankrupt trucking f...

17 Aug 20233min

U.S. retail sales for medium-duty trucks grew 10.9% in July compared with the year-ago period, according to data from Wards Intelligence. Total retail sales for Class 4 through Class 7 trucks increase...

16 Aug 20233min

Nikola Corp. will recall trucks and temporarily stop sales after several battery fires. The company will call back roughly 209 of its Tre trucks after a third-party investigator found a coolant leak w...

15 Aug 20232min

Yellow Corp. continues to work with potential financiers, including rival Estes Express Lines, that are offering alternative bankruptcy financing for the less-than-truckload company that’s more afford...

14 Aug 20233min

Forward Air Corp. and Omni Logistics announced Aug. 10 that they have entered into a definitive agreement to combine in a cash-and-stock transaction. Forward said the combined company will create a sc...

11 Aug 20233min

The Federal Railroad Administration released a 143-page report on railroad Norfolk Southern’s safety culture Aug. 9. The agency has worked on the report since thousands of people had to evacuate their...

10 Aug 20233min

UPS Inc. executives said Aug. 8 that second-quarter profits decreased year-over-year for the parcel carrier as it lost more business to rivals than expected because of the uncertainty surrounding high...

9 Aug 20233min